PMEAC

Chhattisgarh, Manipur, Odisha, Madhya Pradesh, Jharkhand, Bihar and Assam figure among the poorest states where over 40 per cent of people are below poverty line, according to the C Rangarajan panel.
According to the report of the panel headed by former PMEAC Chairman C Rangarajan, 47.9 per cent people are poor...

Chairman of PM's economic advisory council C Rangarajan will hand over his resignation to Prime Minister Manmohan Singh on Monday.
"I will meet the Prime Minister on Monday. I need to talk to him once then only (I will resign)," Rangarajan told PTI over the phone. The present Prime Minister's Economic...

Country's economy is likely to grow at 5.5 per cent in the fourth quarter of the current fiscal on higher agriculture output and pick up in the manufacturing activities, Prime Minister's Economic Advisory Council (PMEAC) chairman C Rangarajan said on Friday.
"I see some greenshoots in Indian economy...In order to achieve...

More efforts are required to reduce the subsidy and government needs to set an overall quantity for it, prioritising the areas that need greater focus, Prime Minister's Economic Advisory Council (PMEAC) Chairman C Rangarajan has said.
He also said that India will be able to contain the fiscal deficit at 4.8...

Current Account Deficit (CAD) is likely to come down below 3 per cent of GDP in the current fiscal on the back of measures taken by government, PMEAC Chairman C Rangarajan said on Friday.
He exuded confidence that the Indian economy will grow at 5.3 per cent in 201314. "In the...

India will see "distinctly better" economic growth in the second half of the current fiscal on improvement in manufacturing and good monsoon this season, PMEAC Chairman C Rangarajan said on Wednesday while attending a seminar organised by CII onFinancial Inclusion for Reviving Growth.
"I think it (growth) will happen. For the...

The Reserve Bank must continue its tight monetary policy until stability in the rupee value is achieved, Prime Minister's key economic advisor C Rangarajan said.
"The current stance of monetary policy has to continue until stability in the rupee is achieved. Thereafter, if the current trend in the moderation of wholesale...

New Delhi: Prime Minister's key economic advisor C Rangarajan Friday lowered the growth forecast for the current fiscal to 5.3 per cent from 6.4 per cent projected earlier and listed out host of measures including further liberalisation of FDI norms to improve economic condition.
"Economy will grow at 5.3 per cent...

New Delhi: President Pranab Mukherjee on Tuesday expressed confidence that the economy will return to higher growth path of 78 per cent in next two to three years and pitched for revitalising investments in the country. "We are confident that we will return to 78 per cent growth bracket in...

New Delhi: Prime Minister's Economic Advisory Council (PMEAC) Chairman C Rangarajan on Thursday said all the measures proposed in the Budget for 2013-14 taken together will help the country register a growth of 6.5 per cent in the next fiscal year.
"I welcome the budget...I believe that all of this measures...

New Delhi: Prime Minister's Economic Advisory Council (PMEAC) on Monday said the RBI move to infuse liquidity in the system is "more potent" than a cut in interest rate and it will help banks expand credit portfolio.
"The RBI has taken a cautious step. The latest data on inflation has not...

New Delhi: To add to the woes of the common man who is already reeling under rising prices and blinding inflation, the government has pitched in with a diesel price hike that is likely to come into effect in two months.
Prime Minister's Economic Advisory Council Chairman C Rangarajan has said...

New Delhi: The Indian economy is likely to grow at 6.7 per cent in the current fiscal year, C Rangarajan, chairman of the PM's economic advisory council (PMEAC) told reporters during the midyear economic outlook on Friday. The PMEAC has also pegged the inflation between 6.5 and 7 per cent.
In...

New Delhi: The Prime Minister's economic advisory panel on Wednesday projected 7.5 8 per cent growth rate for the next fiscal and said the country can achieve a higher economic expansion if the global environment turns favourable.
"We might be able to achieve 8 per cent growth on our esteem......

New Delhi/ Visakhapatnam: India's economy showed further signs of slowdown on Monday, with July factory expansion the weakest in 20 months, a government panel cutting its growth forecasts and its top carmaker posting a steep drop in sales.
But Reserve Bank of India (RBI) Governor Duvvuri Subbarao, who last week surprised...

New Delhi: The Prime Minister's Economic Advisory Council (PMEAC) on Monday lowered the economic growth projection for the current fiscal to 8.2 per cent from 9 per cent earlier, citing the uncertain global outlook, high domestic inflation and subdued industrial performance.
The PMEAC, in its Economic Outlook for 201112, also...